On a hot day last week, a small baldish man named Paul Block announced he had bought the Brooklyn (N. Y.) Standard Union. The price was $1,000,000 or thereabouts. For the Standard Union it was a tidy sum, because for all its 65 years of distinguished history, the paper was losing money at the rate of about $25,000 dollars a month.
When the deal had been made public, when the Standard Union had carried polite letters of congratulation from the country's celebrities, Publisher Block gave a theatre party. He bought out the house for a performance of George White's "Scandals," and...